OTCPK:MALZF - Post by User
Comment by
goldpigon Mar 22, 2010 10:56am
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Post# 16909113
RE: News
RE: NewsThere is a whole wealth of new information in this press release.
First, recoveries of oxide gold are in the 94-97% range , which is at the very high end for cynanide leach operations.
This means that little gold will be lost in the milling process.
This infomation will be used in the ongoing l scoping study which includes resource model updates, pit optimization evaluation, and project valuation assessments. The Companyhas contracted Snowden Mines Industry Consulting Inc. to complete theindependent NI - 43-101 resource estimate.
Note also that the source rock is rcent , which means that grades should be higher as they go deeper towards the source rocks.
These are currently being drilled along with new targets and infilll drilling.
All of this information shows that we are very advanced in the process of resuming gold mining, with most of the new information being included in the current scoping study.
If positive, and there now seems little doubt of this, OGR could be mining its first gold in late 2010.